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GBP/USD: pound formed new local lows

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Technical levels: support – 1.2570; resistance – 1.2650.

Trade recommendations:

  1. Buy — 1.2570; SL — 1.2550; TP1 — 1.2650; TP2 — 1.2710.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices made the new lows for the last two months and the marker is oversold.

02-gbpusdh4.png

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